{"id":657,"date":"2019-05-07T10:08:00","date_gmt":"2019-05-07T10:08:00","guid":{"rendered":"http:\/\/propertyandlivestock.com.au\/?p=657"},"modified":"2020-05-11T17:05:20","modified_gmt":"2020-05-11T17:05:20","slug":"1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working","status":"publish","type":"post","link":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","title":{"rendered":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working"},"content":{"rendered":"
\"\"<\/figure>\n\n\n\n

HAVING peaked at $6.6 billion in June 2018, the national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended.<\/p>\n\n\n\n

National Australia Bank (NAB) Agribusiness Customer Executive Neil Findlay says the drawdown demonstrates that primary producers are using FMDs to better manage their cash flow through changing market and seasonal conditions.<\/p>\n\n\n\n

\u201cFMDs are designed to allow producers to set aside pre-tax income in the good years, which is then available for use in the tougher times,\u201d Mr Findlay said.<\/p>\n\n\n\n

\u201cMany producers have faced prolonged periods of drought, and associated record water and feed grain prices. The current FMD drawdown, while significant in terms of dollar value, is not surprising when you look at this broader context.\u201d<\/p>\n\n\n\n

Data from NAB and the Department of Agriculture and Water Resources shows that there are higher rates of withdrawal in drought affected areas, indicating producers are using FMD reserves to bolster their businesses.<\/p>\n\n\n\n

\u201cIn January 2019, $9.6 million was withdrawn from FMDs by NAB customers in drought impacted areas. As a percentage of total balances, this was almost triple the rate of withdrawals by NAB customers in non-drought impacted areas,\u201d Mr Findlay said.<\/p>\n\n\n\n

Across all banks, a bumper 2018 grain harvest saw Western Australia record a $6 million increase in FMD balance from the December 2018 quarter to the March 2019 quarter, which was the highest of all states. Over the same period, New South Wales, Queensland and Victoria recorded $17 million, $14 million and $4 million net drawdowns respectively.<\/p>\n\n\n\n

\u201cThe drought has been significant, but it\u2019s encouraging to see that drawdowns have only been a small percentage of the total balance held, even in drought impacted areas,\u201d Mr Findlay said.<\/p>\n\n\n\n

\u201cThis suggests that many producers are saving their FMD reserves for a rainy day, to fund restocking or planting when the drought breaks. The FMD scheme is working, and it is a real positive for our industry.\u201d<\/p>\n\n\n\n

Looking ahead, NAB anticipates that tough seasonal conditions will lead to the typical pre-EOFY flurry of deposits being more subdued this year.<\/p>\n\n\n\n

\u201cWe also expect to see a larger drawdown of FMDs at the beginning of the new financial year,\u201d Mr Findlay said.<\/p>\n\n\n\n

In July 2018, NAB announced that it would work to facilitate greater uptake of FMDs by offering agribusiness customers the financial benefit of being able to offset their FMD against their agricultural lending, in the form of a discount to their lending interest rate.<\/p>\n\n\n\n

\u201cFMDs are designed to build resilience into the agricultural system, but good planning and good advice remain important,\u201d Mr Findlay said.<\/p>\n\n\n\n

\u201cAs the end of financial year approaches, we encourage FMD holders to discuss their position with their financial advisers.\u201d<\/p>\n\n\n\n

Source: NAB<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

HAVING peaked at $6.6 billion in June 2018, the national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended. National Australia Bank (NAB) Agribusiness Customer…<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","two_page_speed":[],"footnotes":""},"categories":[4],"tags":[],"class_list":["post-657","post","type-post","status-publish","format-standard","hentry","category-agribusiness-advice"],"yoast_head":"\n$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock\" \/>\n<meta property=\"og:description\" content=\"HAVING peaked at $6.6 billion in June 2018, the national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended. National Australia Bank (NAB) Agribusiness Customer…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/\" \/>\n<meta property=\"og:site_name\" content=\"David Carter Property and Livestock\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/davidcarterpropertylivestock\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-07T10:08:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T17:05:20+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png\" \/>\n<meta name=\"author\" content=\"David Carter Property and Livestock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:site\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Carter Property and Livestock\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/\",\"url\":\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/\",\"name\":\"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock\",\"isPartOf\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\"},\"datePublished\":\"2019-05-07T10:08:00+00:00\",\"dateModified\":\"2020-05-11T17:05:20+00:00\",\"author\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\"},\"breadcrumb\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/#breadcrumb\"},\"inLanguage\":\"zh-CN\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\",\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\",\"name\":\"David Carter Property and Livestock\",\"description\":\"Settting the right expectations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/propertyandlivestock.com.au\/en_au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"zh-CN\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\",\"name\":\"David Carter Property and Livestock\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-CN\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"caption\":\"David Carter Property and Livestock\"},\"url\":\"https:\/\/propertyandlivestock.com.au\/zh\/author\/pwsbuilder\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","og_locale":"zh_CN","og_type":"article","og_title":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock","og_description":"HAVING peaked at $6.6 billion in June 2018, the national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended. National Australia Bank (NAB) Agribusiness Customer…","og_url":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","og_site_name":"David Carter Property and Livestock","article_publisher":"https:\/\/www.facebook.com\/davidcarterpropertylivestock","article_published_time":"2019-05-07T10:08:00+00:00","article_modified_time":"2020-05-11T17:05:20+00:00","og_image":[{"url":"http:\/\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png"}],"author":"David Carter Property and Livestock","twitter_card":"summary_large_image","twitter_creator":"@LivestockDavid","twitter_site":"@LivestockDavid","twitter_misc":{"\u4f5c\u8005":"David Carter Property and Livestock","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"2 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","url":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","name":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working - David Carter Property and Livestock","isPartOf":{"@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#website"},"datePublished":"2019-05-07T10:08:00+00:00","dateModified":"2020-05-11T17:05:20+00:00","author":{"@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84"},"breadcrumb":{"@id":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/#breadcrumb"},"inLanguage":"zh-CN","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/propertyandlivestock.com.au\/zh\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertyandlivestock.com.au\/en_au\/"},{"@type":"ListItem","position":2,"name":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working"}]},{"@type":"WebSite","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#website","url":"https:\/\/propertyandlivestock.com.au\/en_au\/","name":"David Carter Property and Livestock","description":"Settting the right expectations","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertyandlivestock.com.au\/en_au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"zh-CN"},{"@type":"Person","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84","name":"David Carter Property and Livestock","image":{"@type":"ImageObject","inLanguage":"zh-CN","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g","caption":"David Carter Property and Livestock"},"url":"https:\/\/propertyandlivestock.com.au\/zh\/author\/pwsbuilder\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":662,"url":"https:\/\/propertyandlivestock.com.au\/zh\/we-provide-tailored-agribusiness-advice-specialist-knowledge-and-rural-property-management-services\/","url_meta":{"origin":657,"position":0},"title":"We Provide Tailored Agribusiness Advice, Specialist Knowledge and Rural Property Management Services","author":"David Carter Property and Livestock","date":"10 12 \u6708, 2018","format":false,"excerpt":"Professionals Crown Property & Livestock provides Rural Property Management Services, Rural Property Acquisitions\/Sales and Tailored Agribusiness Advisory Services. We excel at achieving effective and practical outcomes for producers, financiers and industry. Professionals Crown Property & Livestock can deliver logistical results across a raft of project types including property acquisitions, R&D\u2026","rel":"","context":"\u5728\u201cAgribusiness Advice\u201d\u4e2d","block_context":{"text":"Agribusiness Advice","link":"https:\/\/propertyandlivestock.com.au\/zh\/category\/agribusiness-advice\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1906,"url":"https:\/\/propertyandlivestock.com.au\/zh\/https-www-farmonline-com-au-story-6875318-can-you-stand-by-what-you-sell-tips-on-passing-a-farm-audit-srcrssutm_email6e37150ede\/","url_meta":{"origin":657,"position":1},"title":"Tips On Passing A Farm Audit From Integrity Systems Australia","author":"David Carter Property and Livestock","date":"14 9 \u6708, 2020","format":false,"excerpt":"Around 3000 farm audits are conducted every year to ensure producers are abiding by the requirements of the red meat industry's quality assurance schemes. So how can you be sure that your farm ticks all of the relevant boxes? Kathleen Allan is the communication and adoption manager of Integrity Systems,\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/09\/Australias-National-Vendor-Declarations-for-Each-Species.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/09\/Australias-National-Vendor-Declarations-for-Each-Species.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/09\/Australias-National-Vendor-Declarations-for-Each-Species.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/09\/Australias-National-Vendor-Declarations-for-Each-Species.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/09\/Australias-National-Vendor-Declarations-for-Each-Species.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":901,"url":"https:\/\/propertyandlivestock.com.au\/zh\/the-hidden-trade-off-of-drought-assistance\/","url_meta":{"origin":657,"position":2},"title":"The Hidden Trade-Off Of Drought Assistance","author":"David Carter Property and Livestock","date":"21 10 \u6708, 2018","format":false,"excerpt":"AS banks tighten the credit cycle in the wake of Royal Commission pressure, loyalty is best reserved for family and friends, farming finance experts have warned. Banks feast on many of the stoic, resilience-building traits that run thick in the blood of primary producers and agribusiness, according to\u00a0agri finance chief\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1246,"url":"https:\/\/propertyandlivestock.com.au\/zh\/rural-livestock-marketing-advisory-strategies-we-provide-tailored-agribusiness-advice-specialist-knowledge-2\/","url_meta":{"origin":657,"position":3},"title":"Rural Livestock Marketing & Advisory Strategies \u2013 We Provide Tailored Agribusiness Advice & Specialist Knowledge","author":"David Carter Property and Livestock","date":"26 10 \u6708, 2018","format":false,"excerpt":"Livestock and property marketing is an overall management process of identifying, anticipating and satisfying customers\u2019 demands, for a profit. Livestock and property marketing involves identifying customers and their needs, knowing what they can produce profitably, and using feedback to refine production strategies. A marketing strategy for your livestock establishes a\u2026","rel":"","context":"\u5728\u201cAgribusiness Advice\u201d\u4e2d","block_context":{"text":"Agribusiness Advice","link":"https:\/\/propertyandlivestock.com.au\/zh\/category\/agribusiness-advice\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":615,"url":"https:\/\/propertyandlivestock.com.au\/zh\/hay-report-national-summary\/","url_meta":{"origin":657,"position":4},"title":"Hay Report National Summary","author":"David Carter Property and Livestock","date":"16 10 \u6708, 2019","format":false,"excerpt":"Hay Report National Summary","rel":"","context":"\u5728\u201cAgribusiness Advice\u201d\u4e2d","block_context":{"text":"Agribusiness Advice","link":"https:\/\/propertyandlivestock.com.au\/zh\/category\/agribusiness-advice\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":903,"url":"https:\/\/propertyandlivestock.com.au\/zh\/farmland-demand-up-despite-drought-pressure-on-ag-investment-earnings\/","url_meta":{"origin":657,"position":5},"title":"Farmland Demand Up Despite Drought Pressure On Ag Investment Earnings","author":"David Carter Property and Livestock","date":"21 10 \u6708, 2018","format":false,"excerpt":"Bullish farmland demand continues to defy the drought\u2019s impact on primary producer incomes, with the value in owning permanent horticulture farms really starting\u00a0to shine as the big dry threatens to get drier this summer. Permanent cropping income returns assessed by the Australian Farmland Index\u2019s monitor of leading farm investor earnings\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts\/657"}],"collection":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/comments?post=657"}],"version-history":[{"count":0,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts\/657\/revisions"}],"wp:attachment":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/media?parent=657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/categories?post=657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/tags?post=657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}